Finance:The Flippening

From HandWiki

The Flippening is a potential future event whereby an alternative cryptocurrency[1] overtakes Bitcoin as the largest cryptocurrency by market capitalization. On June 12th, 2017, Ethereum peaked at $420 leading to speculation that ether could overtake bitcoin in total market value in an event referred to as a "flippening". The next day, an article titled "Bitcoiners Are Freaking Out Over 'The Flippening'"[2][3] reported that Ethereum had over five times as many nodes in its network and a larger number of transactions per day than bitcoin. At earlier points in 2017, bitcoin had accounted for more than 80% of the total cryptocurrency market share.

References

  1. ↑ Canales, Katie. "From HODL to the moon: All the cryptocurrency slang you need to know to sound like a bitcoin expert". https://www.businessinsider.com/cryptocurrency-bitcoin-slang-explained-2018-4?r=US&IR=T. Retrieved 4 November 2019. 
  2. ↑ Oberhaus, Daniel. "Bitcoiners Are Freaking Out Over 'The Flippening'". Vice. https://www.vice.com/en_us/article/gypwqq/bitcoiners-are-freaking-out-over-the-flippening. Retrieved 27 July 2019. 
  3. ↑ Pearson, Jordan. "Bitcoin Is for the People, Not Wall Street". Vice. https://www.vice.com/en_us/article/z4ky4j/bitcoin-is-for-the-people-not-wall-street. Retrieved 27 July 2019. 




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